Mr. Marc Aneed reports

EAT WELL GROUP TO AMEND AND RESTATE AUGUST 31, 2022, INTERIM FINANCIAL STATEMENTS

Eat Well Investment Group Inc. is working to amend and restate the Aug. 31, 2022, interim financial statements to correct the 2022 quarter-end figures as instructed by the B.C. Securities Commission in accordance with paragraph 11.5(b) of National Instrument 51-102.

In April, 2023, the company determined, as part of the company's calendar 2022 year-end audit planning process, that it no longer qualifies as an investment entity under international financial reporting standard 10. Instead, the company meets the requirements of an integrated operating company with consolidated financials. Consequently, the operating period between June 1, 2022, and Aug. 31, 2022, within the fiscal quarter ended Aug. 31, 2022, will require restatement. Eat Well intends to file these amendments on SEDAR as soon as possible.

About Eat Well Investment Group Inc.

Eat Well is a pioneering Canadian-based company leading the way in the future of sustainable, plant-based foods. With a rich history spanning nearly 45 years, its subsidiaries have been at the forefront of processing, distributing and marketing premium-quality plant-based foods. Operating with intellectual-property-driven facilities across North America, it distributes to over 35 countries worldwide. With a talented team of over 80 employees, it takes pride in its products, consistently ranking among the top 10 globally. With its family of private label and owned brands, including Sapientia, Amara Organic Foods, Belle Pulses and Eat Well, it is dedicated to feeding families worldwide with excellence and innovation.

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